Category

Electronic Contract Manufacturing And Design Services Market Size, Share, And Trends By Service (Design & Engineering, Manufacturing, Assembly, Testing, Others), By End-User (Telecom & IT, Consumer Electronics, Automotive, Aerospace & Defence, Healthcare, Others), And By Geography – Forecast From 2019 To 2024

117 pages
Published on : Jul 2019
Report Code : KSI061612785

Description

Electronic contract manufacturing and design service is the service provided by companies which design, manufacture, test and provide other related services to original equipment manufacturers. The market for this service is expected to have a significant growth driven by several advantages offered by subcontracting manufacturing and design services. The OEMs can focus on their core capabilities and take advantage of design expertise, supply chain management and manufacturing capabilities of the service providers. Competition in the electronic industry is increasing and subcontracting helps reduce cost. Furthermore, rising demand for electronics across several end-use industries and technological innovations is also estimated to fuel the market growth. By service, the electronic design and engineering segment are projected to have a significant growth due to technological advancement and growing consumer expectation. By geography, the Asia Pacific region is estimated to have a considerable market share due to the outsourcing of product design and manufacturing of electronics and low cost of labor in the region.

DRIVERS

Rising demand for electronics from several end-use industries

Increasing adoption of contract manufacturing services by SMEs

RESTRAINT

Concerns regarding privacy and quality

INDUSTRY UPDATE

In March 2018, Taiwanese giant Foxconn, the company that manufactures the iPhone for Apple, bought accessory maker Belkin, as well as associated brands Wemo, Linksys and Phyn

In July 2019, Plexus announced the completion of the renovation of its facility in Livingston, Scotland. This renovation completes Plexus’ multi-year investment to expand and upgrade all eight of its global engineering facilities

SEGMENTATION

The electronic contract manufacturing and design services market has been analyzed through the following segments:

By service

Design & engineering

Manufacturing

Assembly

Testing

Others

By end-user

Telecom & IT

Consumer electronics

Automotive

Aerospace & Defence

Healthcare

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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